Dec 10, 2012 1:00pm PST
will get that number and he will not be speaker if he agrees to raise taxes with president obama. i have talked to activists across the kun and they are already fired up at john boehner. if he agrees to this, it's over. we want someone who cares about job creation. who cares about getting people my age and young americans back to work. frankly, i don't think if john boehner is starting at we need to raise taxes and barely cut entitlement spending, i don't think that's going to work with us. no. >> thank you so much. i should pension that the president actually was at the daimler factory announcing more jobs and more expansion. he's very much in support of job creation. thank you so much, sir. >> thank you for having me on. >>> next, have we reached a tipping point in a crisis overseas. stay with us. but first, hampton pearson has today's market wrap. >> how are you? we've got stocks starting the week moving in a narrow trading range closing in on the plus side. the dow up about 14 points. the s&p up marginally. the nasdaq adding 8 points. that's it from cnbc, first in business worldwide.
Dec 10, 2012 4:00pm EST
. president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing our deficit, we've also got to be serious about investing in the thiges that help us grow and make the middle class strong. >> as for speaker boehner, he continued his political posturing today with a statement. quote, the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on higher rates for top earners arguing raising rates on the rich will give them g
Dec 11, 2012 1:00pm PST
except to say that it does include those components, and as you know, president obama was initially asking for about twice the amount in new revenues that house speaker john boehner was saying he could deliver. the house speaker getting some push back from members of his own caucus for offering up $800 billion in new revenues. of course, he wanted to achieve that by rolling back tax breaks. president obama wants rates to go up on the wealthiest americans. there is no sign that that impasse has been broken at this point. those are still one of the big issues that likely needs to be worked out. but, again, what we do have it seems at this point, at this hour, is a proposal and a counterproposal coming from the hill. martin? >> thank you, kristin. congressman courtney, finally and briefly if i can put this to you, is it possible they're getting closer but actually they don't want to reveal that they've reached a closer agreement because it will give too much time for blood-letting? >> it's possible because, again, just remember, people are just flying into town tonight, and so the time
Dec 7, 2012 1:00pm PST
will have to concede a deal largely on obama's terms and the question is when. >> professor peterson, one is almost tempted to feel sorry for speaker boehner. his party lost the presidential election, they failed to swin the senate, the jobs numbers continue to improve, the president is adamant he's not going to concede over raising taxes. is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong side of history. we don't feel sorry for him because we're making progress economically as a nation. that's very, very important. and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and m